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Latest News

By: ReutersUpdated 4 hours ago
An inquiry into allegations of influence peddling revolving around former president Jacob Zuma and businessman friends of his will begin formal public hearings in August and could take two years or more, the head of the commission said on Thursday. The allegations around Zuma, forced from office... →

By: ReutersUpdated 4 hours ago
Polyus, Russia's largest gold producer, said on Thursday its 2018 production was likely to be at the upper end of the forecast range of 2.375-million to 2.425-million troy ounces.
Speaking on the sidelines of the St Petersburg economic forum, Polyus CEO Pavel Grachev also said the company's... →

By: Anine KilianUpdated 5 hours ago
Neil Herbert has been appointed nonexecutive chairperson of Aim-listed IronRidge Resources with immediate effect. He succeeds Nick Mather, who will remain on the board as a nonexecutive director. →

By: Anine KilianUpdated 5 hours ago
Signet Jewelers will become the first retailer to join De Beers Group's end-to-end diamond blockchain pilot programme, known as Tracr. Tracr aims to complete the first digital link all the way from diamond production through to retail. →

By: Anine KilianUpdated 5 hours ago
Aim-listed Katoro Gold on Thursday confirmed that there was good upside potential for the further development of its Imweru gold project, in Tanzania. The company assessed the economic viability of the project, based on the results of a prefeasibility study and the new mining legislation and... →

By: Simone LiedtkeUpdated 5 hours ago
The commissioning of Pan African Resources’ Barberton Mines Tailings Retreatment Plant (BTRP) regrind mill will be completed this week, on schedule and on budget. The gold producer on Thursday said BTRP is expected to reach an annualised gold production of 21 000 oz in the next month. →

By: Simone LiedtkeUpdated 6 hours ago
Petra Diamonds’ share price on the LSE fell by more than 20% on Thursday after it announced plans to raise $178-milion, or about £133-million, through a fully underwritten 5 for 8 rights issue. The diamond miner, which has operations in South Africa and Tanzania, said its cash flow generation... →

By: ReutersUpdated 6 hours ago
The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... →

By: Martin CreamerUpdated 7 hours ago
Platinum mining company Northam has increased its funding capacity to tide it over a capital intensive development period. A new R1-billion two-year unsecured revolving credit facility to April 2020 is augmenting a previous R2-billion unsecured revolving credit facility to November 2021, taking... →

By: Reuters24th May 2018
Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.
A dividend would set Anglo Asian apart from many London-listed junior miners, which... →

By: Mariaan Webb24th May 2018
Copper miner Atalaya Mining has posted a 54% increase in its first-quarter profit, on the back of stronger copper prices and an increase in concentrate volumes sold.
After-tax profit increased from €5.7-million, or 4.8c a share, in the first quarter of 2017, to €8.8-million, 6.5c a share, in... →

By: Ajoy K Das24th May 2018
Private and public thermal power plants across India are facing an acute shortage of coal, at a time when rising electricity demand during summer months has sent the spot price of electricity skyrocketing.
According to data sourced from industry policy advisory body, the Central Electricity... →

By: Esmarie Swanepoel24th May 2018
The Western Australian government has announced the formation of a taskforce to capitalise on the region’s lithium and energy material potential.
The taskforce will oversee development of a Lithium and Energy Materials Strategy to build on Western Australia's competitive advantages, and to... →

By: Esmarie Swanepoel24th May 2018
Bauxite producer Australian Bauxite (ABx) on Thursday announced that it would develop its Stage 1 Alcore pilot plant project, in New South Wales, through a new wholly owned subsidiary Alcore.
A previous engineering and cost study on the Stage 1 project estimated that a capital investment of... →

By: Reuters24th May 2018
The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... →

By: Esmarie Swanepoel24th May 2018
While the Queensland Major Projects Pipeline Report has shown a 58% increase in major project work during 2017/18, private sector investment, particularly in the mining sector, is falling.
The report, compiled by the Queensland Major Contractors Association, Construction Skills Queensland and... →

By: African News Agency 24th May 2018
South African minister of mineral resources Gwede Mantashe said on Thursday his department plans to finalise the revamped mining charter, the government's regulation tool for transformation, by the end of next month. "We aim to finalise and gazette the mining charter in June, having taken onboard... →

By: Esmarie Swanepoel24th May 2018
ASX-listed PanTerra Gold on Thursday told shareholders that it would pursue up to $25-million in damages from the Dominican government, over allegations that the government failed to meet its contractual obligations at the Las Lagunas tailings dam project.
The Las Lagunas project involves the... →

By: Esmarie Swanepoel24th May 2018
Copper/gold miner Hillgrove Resources has resumed processing at its Kanmantoo operation, after a mechanical failure earlier in the month resulted in a temporary stoppage in production.
Hillgrove undertook work to replace a failed bearing, with the company telling shareholders on Thursday that... →

By: Esmarie Swanepoel24th May 2018
ASX-listed DGO Gold will raise between A$4.4-million and A$5.9-million through a one-for-two entitlement offer.
The offer will be priced at 75c a share, which represented a 3.5% discount to DGO’s closing price for the five days prior to May 23. →

By: Esmarie Swanepoel24th May 2018
Integrated energy company Origin Energy will sell its metering business, Acumen, for A$267-million to intelliHub.
ASX-listed Origin said on Thursday that it has also committed to a competitive long-term agreement with Acumen for the ongoing deployment and management of digital meters for its... →

By: Esmarie Swanepoel24th May 2018
Australian gold miners are set to benefit from new technology being deployed by mining services company Ausdrill, in Western Australia.
Ausdrill, through its subsidiary MinAnalytical, has installed a Chrysos photon assay machine at its facility, which will reduce the time to analyse a drilling... →

By: Esmarie Swanepoel24th May 2018
ASX-listed Spitfire Materials will acquire the remaining 49% interest in the Mulwarrie gold project, in Western Australia, taking full ownership of the operation.
Spitfire will issue the vendors some 10-million fully paid ordinary shares, which will be voluntarily escrowed for 12 months, as... →

By: Esmarie Swanepoel24th May 2018
The share price of ASX-listed explorer Vital Metals increased by nearly 13% on Thursday, after the company reported visible gold at its Bella Tondi prospect, at the Bouli gold project in Niger.
MD Mark Strizek told shareholders that visible gold was delivered from one of the drill holes at the... →

By: Esmarie Swanepoel24th May 2018
Copper/gold miner Oz Minerals has extended its takeover offer period for fellow-listed Avanco Resources until June 14.
Oz Minerals is offering Avanco shareholders 8.5c in cash and 0.009 of its own shares for every Avanco share held, valuing the company at A$418-million. →

By: Bloomberg24th May 2018
United Co Rusal’s CEO resigned after less than three months in the role, as the Russian firm warned that trade partners and international lenders could cut ties with the company if US sanctions aren’t lifted after October 23.
The world’s biggest aluminum producer outside China also said the... →

By: Reuters24th May 2018
Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday.
Salar Blanco, 50%-owned by... →

By: Henry Lazenby24th May 2018
The global refined copper balance for the first two months of this year indicates a surplus of about 110 000 t, a 12.8% drop year-on-year, the International Copper Study Group has found. The Lisbon, Portugal-based think tank said apparent refined demand increased 3.9% year-on-year to 3.77-million... →

By: Henry Lazenby24th May 2018
London-based base metals company Antofagasta said on Wednesday it expects a shortfall of copper to emerge because of the slow rate at which new mines are permitted and built. Antofagasta chairperson Jean-Paul Luksic said at the company's annual general meeting that the emergence of new sources of... →

By: Henry Lazenby24th May 2018
The TSX-listed equity of explorer Advantage Lithium rose more than 7% on Wednesday after it reported a six-fold resource increase at the Cauchari joint venture (JV), in Argentina. The Vancouver-based company reported a three-million-tonne inferred resource that comprise the northwest and... →

By: Henry Lazenby24th May 2018
TSX-listed project developer Euro Sun Mining reported on Wednesday that the mining licence for its flagship Rovina Valley copper/gold project, in Romania, is working its way through government, with the National Agency for Mineral Resources and the Secretary General of Government (SGG) having... →

By: Bloomberg23rd May 2018
A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalise on the battery-commodity boom to raise cash for investments.
On Tuesday, Cobalt 27 Capital – a Toronto-listed vehicle designed to invest in the metal –... →

By: Simone Liedtke23rd May 2018
The Coega Special Economic Zone (SEZ) is at an advanced stage of setting up factories that will supply gigawatt factories with manganese, a key ingredient in most lithium-ion batteries. Coega Development Corporation (CDC) business development metallurgic sector manager Sadick Davids says the SEZ... →

By: Nadine James23rd May 2018
Minerals Council South Africa (MCSA) president Mxolisi Mgojo noted that all of the council’s previous office bearers had been re-elected at the 128th annual general meeting. During his address, Mgojo thanked Kalagadi Manganese chairperson Daphne Mashile-Nkosi, who retired from MCSA board duties... →

By: Nadine James23rd May 2018
Speaking at the official unveiling of the rebranded Minerals Council South Africa (previously the Chamber of Mines), on Wednesday, Mineral Resources Minister Gwede Mantashe noted that he and the Department of Mineral Resources (DMR) were unenthusiastic, but willing to make use of the 'use it or... →